401 Rutland RdBrooklyn, NY 11203

Property Details for 401 Rutland Rd

Year built

2016

Lot size

0.10 AC

Property size (Sq ft)

1,794 SF

Zone code

R6

Property type

Office properties

APN

04802-1001

APU

48021001

Description

This Class A, 1,781 sq ft commercial space, located at 401 Rutland Road in Brooklyn, NY 11203, is ideally suited for medical or executive office use. Situated at the base of a newly constructed six-story luxury condominium building, this space boasts exceptional visibility at the corner of Rutland Road and New York Avenue. The property offers two indoor parking spaces, directly metered power, and a single elevator in a building completed in 2021. The space is divisible, with a minimum of 705 sq ft and a maximum contiguous space of 1,076 sq ft. The high ceilings (9.5 ft) and modern design create a sophisticated and functional workspace. Its convenient location offers proximity to major medical facilities including Kings County Hospital Center, Kingsbrook Jewish Medical Center, and NYC Health + Hospitals/McKinney Nursing Home. Furthermore, its close proximity to Nostrand Avenue provides easy access to numerous restaurants, shops, and the 2/5 subway lines. The area also benefits from the presence of Prospect Park and Wingate Park. This exceptional property presents a rare opportunity to establish a thriving business in a vibrant and desirable Brooklyn neighborhood. The space is currently entirely vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $296,602

  6.5%

  $273,786

  7%

  $254,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,404

  Geo Method

  $234,404

• Alternative Use

  Use

  Valuation

  Residential

  $339,495

  Hospitality

  $310,976

  Educational

  $258,728

  Medical

  $267,626

  Retail

  $402,466

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6598

Longitude

-73.9474

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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